The Snowmobile Hall of Fame was the brainstorm of Mike Trapp, C.J. Ramstad and Loren Anderson in 1983. Having been a part of the exciting history of snowmobile racing, as participants and enthusiasts, they felt it was necessary to preserve that history in some form. So the Museum of unique and exciting sleds was founded, and the Hall of Fame began.

In 1985, the Snowmobile Hall of Fame and Museum was incorporated, receiving tax-exempt status. The organization inducted the first 10 into the Hall of Fame in 1988. Four additional people have been added annually since then.

Highway 70 West in St. Germain, Wisconsin, is the permanent location of the Snowmobile Hall of Fame and Museum. It was donated to the corporation in 1998.